In satisfying the support test and the gross income test for claiming a dependency exemption, a scholarship received by the person being claimed is handled the same way for each test. Do you agree or disagree with this statement? Why?


Disagree. For purposes of the support test, all of the scholarship is disregarded. For purposes of the gross income test, only the taxable part is considered (i.e., the nontaxable part is disregarded).

Business

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What will be an ideal response?

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To enter the year 2010 as a text entry, key ____ before the numbers 2010

A) @ B) ‘ C) D) =

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Which of the following statements about population density and population growth is NOT correct?

A. People everywhere are moving from rural areas to urban areas. B. Population density is important to marketers. C. The population growth rate is higher in the United States than in China. D. In Ethiopia, more than 85 percent of people live in urban areas. E. Population is very spread out in many of the African countries.

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Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs. The correct journal entry to record the $73,000 indirect labor for the month is:

A. Debit Supervisor Wage Expense; credit Factory Wages Payable. B. Debit Factory Overhead; credit Factory Wages Payable. C. Debit Supervisor Wage Expense; credit Factory Overhead. D. Debit Factory Wage Expense; credit Cash. E. Debit Factory Wages Payable; credit Factory Overhead.

Business